MetaQuotes "This is the last MT4 upgrade" | Page 17 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies

Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies

MetaQuotes cant open charts "contains incorrect path" 5 replies

Will Metaquotes ever develop MT4 for MAC? 15 replies

Metaquotes MT4 "demo.metaquotes.net " server will be stopped this April 2 replies

Attachments: MetaQuotes "This is the last MT4 upgrade"
Exit Attachments

MetaQuotes "This is the last MT4 upgrade"

  • #321
  • May 22, 2017 1:40pm May 22, 2017 1:40pm
Perhaps somebody is interested to read MT4 update changelog.

https://www.metatrader4.com/en/releasenotes
  • #322
  • Edited 7:07am Jun 8, 2017 6:56am | Edited 7:07am
For those who are still using either Metatrader 4 or Metatrader 5 with WindowsXP, Windows 2003 or Windows Vista, keep in mind that the developer
Metaquotes has announced they will no longer support either platform for these operating systems.

This means the older versions of MT4 and MT5 will continue to work on those operating systems, but will not be updated and installers will not run on them.
The minimum operating system requirement for MT4 and 5 will be Windows 7.
  • #323
  • Apr 25, 2018 4:03am Apr 25, 2018 4:03am
MetaQuotes DO care!

Without traders, no brokers would exist. Without brokers, no MQ would exist.

I do agree that MQ has made a few mistake when developing their platform and their programming language, but it's not that bad. (as some imply here)
If something is running slow on MT5, then it's most likely because of bad programming and not a platform limitation. Over the years, I've seen so much spaghetti code posted at MQL5.com, that it's ridiculous. Code I've found elsewhere, I've had to fix 99.9% of the time, because of terrible handling of arrays in code. (array out of range errors)

Most MQL5 programming stuff can be easily expanded and redefined if the developer don't like the default naming conventions or what the default code blocks do and how they do it, if you know how to code in real C/C++.

The Windows platform moves forward and so should MetaTrader. Biggest concern is security and overall reliability. We are after all managing huge accounts with a lot of money using these platforms. ...actually it does not matter if you're trading a $100 account or a $10,000,000 account, the reliability and security should still be priority #1.

Personally I've been waiting a long time for MQ to discontinue MT4, so everybody would focus on MT5 instead. Now we finally arrived there.
  • #324
  • Apr 25, 2018 12:18pm Apr 25, 2018 12:18pm
Quoting SlicEnDicE
MetaQuotes DO care! Without traders, no brokers would exist. Without brokers, no MQ would exist......
But why should they care? Trader wannabes are an expendable commodity. They crash and burn all the time, and there are always thousands of new rookies ready to sign up and chase that elusive life-changing amount, regardless of whether it's MT4, or MT5, or anything else. Anybody with $100 startup capital and an internet connection is a candidate. As long as the platform is free, user-friendly, and offers the promise of exponential profits, rookies don't care too much. Despite 95%+ of retail traders blowing their accounts and quitting, I read that the number of MT users is currently more than 20 million, and increasing all the time.

You're talking like a programmer rather than a trader. Traders don't care about programming languages, spaghetti code, handling of arrays, default naming conventions. They just want to make money trading, without IT related hassles. Plug'n'play is good. The vast majority of broker clients are traders, not programmers.
  • #325
  • Apr 25, 2018 1:41pm Apr 25, 2018 1:41pm
Quoting hanover
But why should they care? Trader wannabes are an expendable commodity. They crash and burn all the time, and there are always thousands of new rookies ready to sign up and chase that elusive life-changing amount, regardless of whether it's MT4, or MT5, or anything else. Anybody with $100 startup capital and an internet connection is a candidate.
Because no matter background, all traders are equally valuable. As an example, I got an issue resolved within an hour from request. MQ does not know my trading background, nor do they know how much money I have. THAT is something they should not care about.

Quoting hanover
As long as the platform is free, user-friendly, and offers the promise of exponential profits, rookies don't care too much. Despite 95%+ of retail traders blowing their accounts and quitting, I read that the number of MT users is currently more than 20 million, and increasing all the time.
Trading experience and skill has nothing to do with the trading platform. MQ has not made any promises that me nor anybody else will have exponential account growth because of using their platform.

Quoting hanover
You're talking like a programmer rather than a trader. Traders don't care about programming languages, spaghetti code, handling of arrays, default naming conventions. They just want to make money trading, without IT related hassles. Plug'n'play is good. The vast majority of broker clients are traders, not programmers.
Yes, I agree. What comes to IT hassle, MT4/5 is really plug and play, but lacks a lot of trading style specific tools. And this brings us to the last part...code...

I mentioned coding because I understand what it takes to write a working, secure and reliable trading platform. I also understand how much effort and skill it takes to expand the platform with indicators and other tools that are not provided by default. I also mentioned this because a slow platform is most likely caused by bad programming in indicators or too big chart buffers or other factors, not because MT5 is slower than MT4. MT5 actually handles multithreading much better than MT4.

Someone has to write all these expansions/indicators/tools for those who only focus on trading. And the tools has to be written so they are reliable.

I do both trading and expand the defaults found in MT platform. Mostly using my trading experience to automate things that a program can do for me. I know many others does this too.

Either way, programmer or trader only, the trading platform needs to be secure and expandable. MT5 does a much better job at this than MT4 because MT4 architecture is somewhat limited.
  • #326
  • Apr 25, 2018 10:46pm Apr 25, 2018 10:46pm
Quoting hanover
{quote} But why should they care? Trader wannabes are an expendable commodity. They crash and burn all the time, and there are always thousands of new rookies ready to sign up and chase that elusive life-changing amount, regardless of whether it's MT4, or MT5, or anything else. Anybody with $100 startup capital and an internet connection is a candidate. As long as the platform is free, user-friendly, and offers the promise of exponential profits, rookies don't care too much. Despite 95%+ of retail traders blowing their accounts and quitting, I read...
Do you know how many brokers and market makers are using MT platforms? I read somewhere 1300 copies of MT servers have been licensed. Can that figure realistically handle 20 m users?
Practice makes a person perfect
  • #327
  • Apr 26, 2018 3:57am Apr 26, 2018 3:57am
Quoting simnz
Do you know how many brokers and market makers are using MT platforms? I read somewhere 1300 copies of MT servers have been licensed. Can that figure realistically handle 20 m users?
I don't know, I'm merely relaying information that I gained from a source that I believed was reliable.
  • #328
  • Apr 26, 2018 8:41am Apr 26, 2018 8:41am
My source of information on the number of MT4 platform providers is:

https://financefeeds.com/platform-mo...s-fx-industry/

"On one hand, MetaQuotes, the platform’s manufacturer, has empowered 1231 retail entities which have not had to invest a single cent into development of their own trading systems, and since 2004 has been the de facto platform for brokers wishing to onboard new customers who are already familiar with a specific system, and also has been the mainstay of vast automated trading entities in the Asia Pacific region whose use of self-developed EAs (trading robots) have been designed around the MetaTrader 4 platform."

In fact, I am keen on learning about the users numbers as I am writing an article on the enterprises spawned by MT4 development. I will be thankful if you have any link on statistics of the users.
if 20 million is the user base then there must be a big network of white label operators who are using the licence holders as the backbone.
Practice makes a person perfect
  • #329
  • Apr 26, 2018 4:04pm Apr 26, 2018 4:04pm
Quoting SlicEnDicE
Personally I've been waiting a long time for MQ to discontinue MT4, so everybody would focus on MT5 instead. Now we finally arrived there.
MT5 is completely pointless unless it supports the migration of custom MT4 indicators, EA's and scripts.

They need to stop flogging a dead horse (MT5) and try and figure out a better solution.
  • #330
  • Apr 27, 2018 2:01am Apr 27, 2018 2:01am
Quoting C-12
MT5 is completely pointless unless it supports the migration of custom MT4 indicators, EA's and scripts. They need to stop flogging a dead horse (MT5) and try and figure out a better solution.
The horse nearing it's death is MT4.

Coders have had more than enough time to review and update their coding in indicators, scripts and EAs. As I said earlier, most MT4 indicators are horribly written and if using same structures in a language like C or C++ most would not even compile, or the application would crash and in some edge cases even bring the whole OS down with it.

Software move forward, and so should their users. I see this same resistance every time Windows gets updated to a new version.


So, now let me ask one question:
From a traders point of view, what in the workflow and UI change so much between MT4 and MT5 terminals that your trading and profitability suffers from it?

My answer is: Nothing, I can still do exactly the same things on MT5 and even more than on MT4, which helps me find even better points of entries and exits, which helps me profit even more, with less risk.
  • #331
  • Apr 27, 2018 4:33am Apr 27, 2018 4:33am
As long as traders like mt4 no other software can replace it, its a business, they would not like to lose their customers by moving to mt5.First they should try to make mt5 popular among traders.there is no force solution.in business customer is always right .So as long as traders like mt4, it will be there, may be even after 10 years
  • #332
  • Apr 27, 2018 4:39am Apr 27, 2018 4:39am
This discussion is useless. Owner decided MT4 is finished and platform will lose traction in the next months. Even here some people are asking for MT5 stuff. Nobody knows what platform will get MT4 users but i dont see the competency doing better than MT. And people have problems for change habits then MT5 look it will the winner at the end
Try don't lose pants never...
  • #333
  • Edited 7:02am Apr 27, 2018 6:43am | Edited 7:02am
Metatrader 4 build 1121 (beta) upgraded yesterday

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 264 KB
  • #334
  • Edited 7:38am Apr 27, 2018 7:23am | Edited 7:38am
Quoting braintheboss
This discussion is useless. Owner decided MT4 is finished and platform will lose traction in the next months. Even here some people are asking for MT5 stuff. Nobody knows what platform will get MT4 users but i dont see the competency doing better than MT. And people have problems for change habits then MT5 look it will the winner at the end
>>Owner decided MT4 is finished and platform will lose traction in the next months.


From Dec 17, 2016:

Quoting braintheboss
{quote} Same evidence that mt3. They will kill mt4 as soon brokers accept change platform. Brokers made a lot of money using Metaquotes software. Then they will do more convenient for Metaquotes when they ready for do the jump. I'm sure this will happen in 2017
>>I'm sure this will happen in 2017


Any more insider information from you?
  • #335
  • Apr 27, 2018 7:27am Apr 27, 2018 7:27am
Quoting Botan626
{quote} >>Owner decided MT4 is finished and platform will lose traction in the next months. From Dec 17, 2016: {quote} >>I'm sure this will happen in 2017 Any more insider information from you?
Its evident you didnt see the differences in platform since then... You can continue with your obsolete platform. It will be funny see what excuse you will use when you have change it

PD: How many updates had MT4 since that date? You know why they update it now?
Try don't lose pants never...
  • #336
  • Apr 27, 2018 7:35am Apr 27, 2018 7:35am
Quoting braintheboss
{quote} You know why they update it now?
To piss you off only.
  • #337
  • Apr 27, 2018 7:39am Apr 27, 2018 7:39am
Quoting Botan626
{quote} To piss you off only.
I forgot you are an ignorant. You only know cry like women
Try don't lose pants never...
  • #338
  • Edited 1:12pm Apr 27, 2018 12:28pm | Edited 1:12pm
Quoting SlicEnDicE
{quote} The horse nearing it's death is MT4. Coders have had more than enough time to review and update their coding in indicators, scripts and EAs.
So which coders are going to look at my 8 - 10 custom indicators and scripts (some I've paid good money for) to recreate them in MT5? Or how much time, effort and money do I need to spend on it?

MT5 is as much a relic as MT4 which is why I say it's completely pointless. If MT5 was such a great product, people would gladly migrate to it without force.

I don't give a crap about the poor coding of other indicators, mine are 100% functioning. As a trader, MT5 is about as appealing as a freshly laid turd.
  • #339
  • Apr 27, 2018 1:15pm Apr 27, 2018 1:15pm
Quoting C-12
So which coders are going to look at my 8 - 10 custom indicators and scripts (some I've paid good money for) to recreate them in MT5? Or how time, effort and money do I need to spend on it? MT5 is as much a relic as MT4 which is why I say it's completely pointless. If MT5 was such a great product, people would gladly migrate to it without force.
Probably the developer who initially wrote them for you. And time, effort and money should be way less than it initially cost. (small upgrade fee) Of course this is based on the assumption that the tools were written properly in the first place, it is really easy to migrate. So please ask the developer this question.

One thing traders should understand, is that the terminal is just a tiny fraction of the whole MetaTrader ecosystem. Biggest changes between MT4 and MT5 has happened on the server side, making everything more manageable, reliable, expandable, compatible and secure.

On the terminal side, the most exciting new features for me personally are, efficient machine learning (statistical calculations and AI) readiness because of native OpenCL support and distributable computing support when backtesting strategies. There are many more, but I wanted to mention a few.
  • #340
  • Apr 27, 2018 3:39pm Apr 27, 2018 3:39pm
Im reading new builds are worst in everything. As passed with 1090 next updates will worst experience until it cant be usable. I dont want think will happen when W10 Springs Creator is delivered and you must use an unstable MT4...
Try don't lose pants never...
0 traders viewing now